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Updated about 10 years ago on . Most recent reply

Zack Presnell's profile image
Zack Presnell's profile image
Zack Presnell
  • Rental Property Investor
  • from Cleveland, GA
  • Member since Dec 12, 2014
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20
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3
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Zack Presnell's profile image
Zack Presnell's profile image
Zack Presnell
  • Rental Property Investor
  • from Cleveland, GA
  • Member since Dec 12, 2014
Connect
Zack Presnell
  • Rental Property Investor
  • Cleveland, GA
3
Votes |
20
Posts
Multi-Family and Apartment Investing

multifamily - purchase price

Zack Presnell
  • Rental Property Investor
  • Cleveland, GA
Posted

I have a friend who has owned up to 30 units at one time. He no longer invests. Question. When evaluating a purchase price he described several methods, but one stuck with me. Example - 4 unit that rents for $400 month per unit. It equals $1600.00 month rent total. The most you would want to pay is $160000.00 for the property if in good condition. Any input would be appreciated. Thanks.

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